Visa is cutting 7% of staff, mostly in tech and product, and reinvesting in stablecoins and cross-border payments. Its memo names AI as an accelerant.

July 28 : Visa plans to cut 7 per cent of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, about six months after a similar step by its closest peer as…

July 28 : Visa plans to cut 7 per cent of its workforce, or about 2,600 jobs, Bloomberg News reported on Tuesday, citing a staff memo, as the payments processor seeks to become…